Under a voucher system,every liability is recorded at the time:
A) of requisition.
B) of receipt.
C) of order placement.
D) the liability is incurred.
Correct Answer:
Verified
Q1: In the voucher system,the purchases journal is
Q7: In a voucher system,the cash payments journal:
A)is
Q16: Which situation would not result in a
Q17: Supporting documents for a voucher system are:
A)filed
Q20: A tickler file is the same as
Q22: The voucher system strengthens internal control because:
A)all
Q23: Using the gross method approach,record the payment
Q25: The company receiving a purchase order prepares
Q26: The book of original entry in a
Q40: After payment is made, a notation is
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